Financial intelligence

AI against money laundering

Retrieved on: 
Monday, May 8, 2023
Paulinum (University of Leipzig), University, Catalog, German, Research, Financial intelligence, Federal Ministry of Science, Technology and Innovation, Financial Intelligence Unit (India), Centre for Secure Information Technologies, Malefiz, Machine learning, FIU, Fraunhofer Society, Artificial intelligence, Technical University of Berlin, AI, Fraunhofer, Berlin, Identification, Education, Conspicuous consumption, Medical device

DARMSTADT, Germany, May 8, 2023 /PRNewswire/ -- In the fight against money laundering, established software-based detection methods work imprecisely and often raise false alarms. Consequently, investigating authorities are frequently overburdened because they must follow up on every suspicion. In the new research project MaLeFiz (Machine Learning for the Identification of Conspicuous Financial Transactions), researchers are now working on a solution that uses machine learning – an artificial intelligence technique – to improve the search for illegal money flows and make it more precise so that fewer false alarms are generated. In addition, the project partners are developing minimum requirements and control mechanisms for AI solutions used in the financial industry. Furthermore, the results of the AI are to be made traceable. Project partners are Deloitte GmbH, the Fraunhofer Institute for Secure Information Technology SIT, the Martin Luther University Halle-Wittenberg, the University of Leipzig as well as the Center for Technology and Society at TU Berlin. The MaLeFiz project is funded by the German Federal Ministry of Education and Research and will run for three years. Fraunhofer SIT is leading the project and is responsible for the development of the AI-based tool. For more information, visit www.sit.fraunhofer.de/en/malefiz.

Key Points: 
  • DARMSTADT, Germany, May 8, 2023 /PRNewswire/ -- In the fight against money laundering, established software-based detection methods work imprecisely and often raise false alarms.
  • In addition, the project partners are developing minimum requirements and control mechanisms for AI solutions used in the financial industry.
  • The analysis of financial transactions is an important component in the fight against money laundering.
  • For example, the decisions of an AI must be comprehensible: The AI should not be a "black box" and simply spit out a list of suspicious cases.

AI against money laundering

Retrieved on: 
Monday, May 8, 2023
Paulinum (University of Leipzig), University, Catalog, German, Research, Financial intelligence, Federal Ministry of Science, Technology and Innovation, Financial Intelligence Unit (India), Centre for Secure Information Technologies, Malefiz, Machine learning, FIU, Fraunhofer Society, Artificial intelligence, Technical University of Berlin, AI, Fraunhofer, Berlin, Identification, Education, Conspicuous consumption, Medical device

DARMSTADT, Germany, May 8, 2023 /PRNewswire/ -- In the fight against money laundering, established software-based detection methods work imprecisely and often raise false alarms. Consequently, investigating authorities are frequently overburdened because they must follow up on every suspicion. In the new research project MaLeFiz (Machine Learning for the Identification of Conspicuous Financial Transactions), researchers are now working on a solution that uses machine learning – an artificial intelligence technique – to improve the search for illegal money flows and make it more precise so that fewer false alarms are generated. In addition, the project partners are developing minimum requirements and control mechanisms for AI solutions used in the financial industry. Furthermore, the results of the AI are to be made traceable. Project partners are Deloitte GmbH, the Fraunhofer Institute for Secure Information Technology SIT, the Martin Luther University Halle-Wittenberg, the University of Leipzig as well as the Center for Technology and Society at TU Berlin. The MaLeFiz project is funded by the German Federal Ministry of Education and Research and will run for three years. Fraunhofer SIT is leading the project and is responsible for the development of the AI-based tool. For more information, visit www.sit.fraunhofer.de/en/malefiz.

Key Points: 
  • DARMSTADT, Germany, May 8, 2023 /PRNewswire/ -- In the fight against money laundering, established software-based detection methods work imprecisely and often raise false alarms.
  • In addition, the project partners are developing minimum requirements and control mechanisms for AI solutions used in the financial industry.
  • The analysis of financial transactions is an important component in the fight against money laundering.
  • For example, the decisions of an AI must be comprehensible: The AI should not be a "black box" and simply spit out a list of suspicious cases.

OCIM Appoints Jordan Arnold as Head of Risk

Retrieved on: 
Wednesday, April 12, 2023
Partnership, The American Lawyer, Risk management, Financial intelligence, Manhattan Project, Egmont Group of Financial Intelligence Units, Vanderbilt University Law School, Financial Crimes Enforcement Network, Department of the Treasury, Investment, Growth, Secret Service, Environment, Cryptocurrency, Risk

Toronto, Ontario--(Newsfile Corp. - April 12, 2023) - OCIM Group is pleased to announce the appointment of the company's new Head of Risk, Jordan Arnold.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - April 12, 2023) - OCIM Group is pleased to announce the appointment of the company's new Head of Risk, Jordan Arnold.
  • Jordan leads the assessment and governance of risk for the OCIM Group of Companies and is focused on building and scaling its risk management capabilities through the organization's next phase of growth.
  • Following his government career, Jordan served as executive vice president of K2 Integrity, a renowned global risk advisory and investigative consulting firm.
  • Jordan was also regularly called upon, after resolving major incidents, to lead risk posture turnarounds and transformations.

Cross River and FinClusive Partner to Strengthen the Fintech Ecosystem and Increase Responsible Access to Financial Services

Retrieved on: 
Thursday, March 30, 2023
Professional Services, Technology, Software, Finance, Networks, Fintech, Banking, Federal Reserve Bank of New York, Cross River Bank, Financial intelligence, HSBC, Federal Reserve Bank, Partnership, Riverbank, Goldman, Content as a service, Senior advisor, Laws of the Game, Security, Treasury, Securities Fraud Deterrence and Investor Restitution Act, Risk, Sound, Architecture, Federation, Environment, NYSE, Terrorism, Payment, Regulation, Bank, Cryptocurrency, Moody's Corporation

Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced a partnership with FinClusive, a global Compliance-as-a-Service (CaaS) infrastructure provider for financial services, to provide account and payment services to advance secure and compliant access to the financially underserved.

Key Points: 
  • Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, today announced a partnership with FinClusive, a global Compliance-as-a-Service (CaaS) infrastructure provider for financial services, to provide account and payment services to advance secure and compliant access to the financially underserved.
  • “Regulatory compliance, responsibility and transparency are central to Cross River, and we continue to expand our partnerships with technology leaders focused on increasing financial access,” said Gilles Gade, Founder, President and CEO of Cross River.
  • Cross River remains focused on partners who share a forward-looking and streamlined compliance approach, ultimately strengthening the broader fintech ecosystem.
  • FinClusive and Cross River partnered to bring expanded payment optionality to FinClusive’s platform earlier this year.

Sterling Partners Equity Advisors Named SCV Top Gun Once Again

Retrieved on: 
Friday, December 2, 2022
Universe, Informa, ESG, Account, SPEA, GIC, Noise, CFA, Gun, SCV, GIPS, Intelligence, PSN, ETF, Top Guns, Zephyr, Financial intelligence, SFM, CIO, Database, Financial adviser, Weapon

CHICAGO, Dec. 2, 2022 /PRNewswire-PRWeb/ -- Sterling Partners Equity Advisors LLC ("SPEA") announced today that it has been named to the celebrated PSN Top Guns List of best-performing separate accounts, managed accounts, and ETF strategies for Q3 2022. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers. Through a combination of PSN's proprietary performance screens, the PSN Top Guns list ranks products in six proprietary star categories in over 75 universes based on continued performance over time.

Key Points: 
  • Sterling Partners Equity Advisors named to PSN Top Guns list of best-performing SCV strategies for the 16th consecutive quarter.
  • CHICAGO, Dec. 2, 2022 /PRNewswire-PRWeb/ -- Sterling Partners Equity Advisors LLC ("SPEA") announced today that it has been named to the celebrated PSN Top Guns List of best-performing separate accounts, managed accounts, and ETF strategies for Q3 2022.
  • SPEA's Small-Cap Value Diversified strategy was awarded the 6-STAR Top gun distinction in the Small-Cap Universe as of September 30, 2022.
  • Sterling Partners Equity Advisors LLC ("SPEA") is a limited liability company and SEC-registered investment advisor formed in January 2017.

WNS Recognized as a ‘Leader’ in Finance & Accounting by ISG

Retrieved on: 
Thursday, December 1, 2022
Security, Data Management, Insurance, Technology, Human Resources, Finance, Consulting, Fintech, Business, Outsourcing Business, Accounting, Professional Services, Other Technology, Software, Internet, CFO, Business, BPM, CFOS, United Kingdom, Holding, Insurance, QTS, TRAC, ISG, FP, Journal of Business Finance & Accounting, Financial intelligence, FAO, Accounting, R2R, Security (finance), NYSE, Business process management, Automation, Research, Finance, WNS

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced that it has been recognized as a Leader across all four Finance & Accounting (F&A) outsourcing categories Procure- to-Pay (P2P) , Record-to-Report (R2R) , Order-to-Cash (O2C) and Financial Planning & Analysis (FP&A) in the 2022 ISG Provider Lens Finance & Accounting Services Quadrant Report .

Key Points: 
  • WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced that it has been recognized as a Leader across all four Finance & Accounting (F&A) outsourcing categories Procure- to-Pay (P2P) , Record-to-Report (R2R) , Order-to-Cash (O2C) and Financial Planning & Analysis (FP&A) in the 2022 ISG Provider Lens Finance & Accounting Services Quadrant Report .
  • In the area of O2C, ISG highlights WNS unique Quote-to-Sustain (QtS) offering which, powered by hyperautomation, seamlessly integrates upstream and downstream processes.
  • In addition, the ISG report cites WNS industry-specific O2C solutions such as revenue accounting and revenue recovery for airlines, claims processing for insurance, and order management for manufacturing/retail as key differentiators.
  • It is an honor to be recognized as a leader across multiple categories in F&A by ISG.

ACAMS Global Membership Exceeds 100,000 as Organization Adds to Advisory Board

Retrieved on: 
Wednesday, November 9, 2022
GLOBE, PricewaterhouseCoopers, ESG, Leadership, Institution, Financial intelligence, Corporate Commercial Bank, Standard, ACAMS, Financial Action Task Force, Korea, Advisory board, CGSS, EGM, National Australia Bank, Vorstand, Department of the Treasury, ING, KPMG, Morrison, Executive, Wardell, Standard Chartered, Office of Terrorist Financing and Financial Crimes, Compliance, Egmont Group of Financial Intelligence Units, Policy, Senior, Association of Certified Anti-Money Laundering Specialists, Public policy, Davis Polk & Wardwell, CAMS, Mastercard, CEO, MUFG, Conduct, Law enforcement, PNC, AFC, Certification, Drug, Management, Rabobank, Counsel

MIAMI, Nov. 09, 2022 (GLOBE NEWSWIRE) -- ACAMS, a leading membership organization dedicated to supporting anti-financial crime (AFC) professionals globally, is getting bigger and more diverse.

Key Points: 
  • MIAMI, Nov. 09, 2022 (GLOBE NEWSWIRE) -- ACAMS, a leading membership organization dedicated to supporting anti-financial crime (AFC) professionals globally, is getting bigger and more diverse.
  • The membership milestone follows an expansion in recent years of the associations efforts to fight financial crime.
  • Were delighted by the expansion of our membership and the new additions to our global Advisory Board.
  • ACAMS is a leading international membership organization dedicated to providing opportunities for anti-financial crime (AFC) education, best practices, and peer-to-peer networking to AFC professionals globally.

Oracle Appoints Stuart Levey Executive Vice President and Chief Legal Officer

Retrieved on: 
Thursday, November 10, 2022
Cloud, Council on Foreign Relations, Lawyer, NYSE, Leadership, Stuart, HSBC, Justice, Harvard College, Oracle Corporation, Levey, Council, Java, Technology, Association, Multimedia, Office of Intelligence and Analysis (Treasury Department), Stuart A. Levey, United States Department of Justice, Department of the Treasury, Foreign relations, View, Diem (digital currency), Oracle Cloud, Harvard Law School, Terrorism, Office of Terrorism and Financial Intelligence, MySQL, CEO, Financial intelligence, Management, Software, Oracle

AUSTIN, Texas, Nov. 10, 2022 /PRNewswire/ --Oracle today announced that Stuart Levey has been named executive vice president and chief legal officer.

Key Points: 
  • AUSTIN, Texas, Nov. 10, 2022 /PRNewswire/ --Oracle today announced that Stuart Levey has been named executive vice president and chief legal officer.
  • "Stuart has one of the sharpest legal minds in the country," said Oracle CEO, Safra Catz.
  • Levey has more than three decades of leadership in both the private and public sectors.
  • There, as Chief Legal Officer he managed a department of more than 900 lawyers worldwide.

ACAMS Vegas Conference Spotlights Emerging Financial-Crime Risks with More than 150 Expert Speakers

Retrieved on: 
Thursday, September 15, 2022
CGSS, IRS Criminal Investigation, Federal Reserve Board of Governors, FINRA, ESG, Financial intelligence, Justice minister, Lists of crime films, Under Secretary of the Treasury for Terrorism and Financial Intelligence, Department of the Treasury, HSI, CAMS, Knowledge, Compliance, Comptroller, FBI, AFC, Financial Crimes Enforcement Network, OCC, Certification, Internal Revenue Service, U.S. Immigration and Customs Enforcement, Transparency International, Federal Bureau of Investigation, ACAMS, Terrorism, Financial Industry Regulatory Authority, Financial technology, Leadership, State Security Investigations Service, Federal Deposit Insurance Corporation, FDIC, AML, Conference, GLOBE, Drawing, Cryptocurrency

Whether youre an AFC compliance professional at a digital-payment platform, crypto company, FinTech firm, broker-dealer, casino, money remitter, or brick-and-mortar bank, ACAMS Las Vegas can offer expert advice and practical guidance on how to best safeguard your institution from criminal exploitation, he said.

Key Points: 
  • Whether youre an AFC compliance professional at a digital-payment platform, crypto company, FinTech firm, broker-dealer, casino, money remitter, or brick-and-mortar bank, ACAMS Las Vegas can offer expert advice and practical guidance on how to best safeguard your institution from criminal exploitation, he said.
  • ACAMS is the largest international membership organization dedicated to providing opportunities foranti-financial crime (AFC) education, best practices, and peer-to-peer networking to AFC professionals globally.
  • The associations CAMS certification is the gold-standard qualification for AFC professionals, while the CGSS certification is its premier specialist qualification for sanctions professionals.
  • ACAMS 60 Chapters globally further amplify the associations mission through training and networking initiatives.

L&S Advisors, Inc. Named to PSN Top Guns List of Best Performing Strategies for Q2 2022

Retrieved on: 
Tuesday, September 13, 2022
SMA, Time, Financial intelligence, IFI, LOS, Account, Zephyr, Senior, Industry, Noise, ETF, Intelligence, RIA, PSN, SVP, CFA, Financial adviser, Fine chemical, Fireworks

LOS ANGELES, Sept. 13, 2022 /PRNewswire/ -- L&S Advisors, Inc. announced today it has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q2 2022.  The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.

Key Points: 
  • Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies
    LOS ANGELES, Sept. 13, 2022 /PRNewswire/ -- L&S Advisors, Inc. announced today it has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q2 2022.
  • The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.
  • Through a combination of PSN's proprietary performance screens, the PSN Top Guns List ranks products in six proprietary categories in over 75 universes based on continued performance over time.
  • For more details on the methodology behind the PSN Top Guns Rankings or to purchase PSN Top Guns Reports, contact Margaret Tobiasen at [email protected] .